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Park Triangle - Apartments, Retail, New Mixed Use
Columbia Heights

Developed by Triangle Development Associates, LLC, including Ernest Marcus as co-managing member.

  • 117 apartments, 19,000 sq.ft. retail, 110 car garage

  • Won competitive bid process for this WMATA site

  • Ground lease negotiation with WMATA with option to purchase in 16th year.

  • Construction financing

  • Environmental contamination cleanup

  • Design of mixed-use project in dense, urban location. Transit-oriented development won award from National Builder’s Association.

  • Management of interior design process with unique, contemporary look including acquisition of significant portfolio of contemporary art.

  • Construction of 6 story building above Metro tunnels directly beneath the site.

  • Negotiations with city permitting office regarding public space issues

  • Retail programming and leasing

  • Full leaseup of first luxury apartment building in submarket in over 50 years, including unique marketing strategies.

  • FNMA forward obtained and closed.

  • Obtained New Market Tax Credits.

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